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    Business
  3. Study Set
    Accounting
  4. Exam
    Exam 11: Long-Term Liabilities, bonds Payable, and Classification of Liabilities on the Balance Sheet
  5. Question
    Discount on Bonds Payable Is Considered to Be Additional Interest
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Discount on Bonds Payable Is Considered to Be Additional Interest

Question 31

Question 31

True/False

Discount on bonds payable is considered to be additional interest expense of the company that issues the bond.

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